Boris Johnson’s pledge of a fundamental review of business rates has been greeted with scepticism, with industry leaders fearing that it will “go over old ground” after failures to act on previous promises of reform (The Times £).

Boris Johnson pledged to review the system and Jeremy Corbyn announced plans to reform business rates, which have been blamed for helping create the challenging High Street environment that has led to store closures across the country. The Liberal Democrats have said they would scrap business rates entirely. (The BBC)

Major high street chains have been forced to close almost 6,000 stores so far this year amid a raging crisis on the high street. (The Telegraph)

Coty is buying a controlling stake in Kylie Jenner’s cosmetics company for $600m in a bet that the youngest Kardashian sister’s celebrity and social media savvy will help revive growth at its flagging beauty business (The Financial Times £). Kylie Jenner, the reality television personality-turned-entrepreneur, is selling a $600 million stake in her beauty business to the company behind Max Factor and Cover Girl (The Times £). Reality TV star Kylie Jenner has sold a majority stake in her cosmetics business for $600m (Sky News).

Jamie Oliver is to take another crack at building a mid-range restaurant chain just six months after most of the celebrity chef’s UK dining empire collapsed (The Guardian). His Jamie’s Italian chain may have been taken off the menu in Britain after going bust, but Jamie Oliver is adding a new concept to his expanding overseas restaurant operations (The Times £). Jamie Oliver is launching a fresh chain of restaurants - almost six months to the day after his UK empire collapsed (The Telegraph)

Few retailers are coping better than Walmart with the relentless rise of Amazon, writes The FT. While earnings reports this week are expected to show how mall-based and department store chains are still struggling to adapt to the age of ecommerce, Walmart’s recent financial performance has demonstrated its resilience. (The Financial Times £)

Few grocery businesses are as well positioned to benefit from the growing millennial workforce than “ethical” supermarket Farmdrop, which, since launching seven years ago, has seen its customer base grow each month as consumers seek plastic-free, organic and ethically sourced goods. (The Telegraph)

John Lewis will this week unveil a radical new-look department store that has replaced selling space with “experience playgrounds” where shoppers can hone barista or pasta-making skills or hang out in a rooftop orchard and farm shop. (The Guardian)

Staff at the French wine and spirits company Pernod Ricard claim they were under constant pressure to drink at work to the point of damaging their health. (The Guardian)

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